ICICI Securities maintains a buy call on Lemon Tree Hotels, setting a target price of Rs 174. The company’s Q4FY25 revenue reached Rs 3.8 billion, a 15% year-over-year increase, driven by portfolio ARR growth and improved occupancy. The brokerage anticipates a reduction in net debt by March 2027 and retains its positive outlook based on strong EBITDA margins.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets